Though buying a new car is always exciting, many owners might still want to prefer a used car, when it comes to a car purchase, mainly because of the depreciation fact that incessantly keeps decreasing its resale value. In comparison, used cars will always return greater value, with lesser depreciation while being still reliable and useful, especially if it is bought with a good warranty. In all these, a lot of attraction can be observed among the used car buyers who are interested in buying a high mileage car, the odometer of which has passed that 99,999-mile mark.
The average mileage of a regular car can be seen crossing about 159,000 miles, in 11.8 years. In that case, there’s no reason to be concerned if the odometer reads another digit. But there is a huge number of cars moving on the road that has already pushed the number much greater than 300,000 miles. if you are targeting to buy one of them, there are only a few important things to keep in mind that was suggested by an experienced seller of a used car dealer.
Though there are some risks, the advantages of buying a high mileage car can never be compared to buying other cars in terms of savings and utility. But we think it is important that we let you know about the things to be aware of while purchasing a high mileage used car.
Never Buy One without a Pre-Purchase inspection
If you are all set to buy a high mileage used car, you need to first look for an experienced mechanic who can invest the required amount of time to inspect the car thoroughly. One assurance for you at this point, that even with any major damage, a high mileage used car will still make a better deal.
The major reason why people prefer buying a six-figure mileage used car is because of its depreciation value. Like every other car, even high mileage cars do depreciate, after you’ve driven a few miles, but the amount will not be as hard and the time will not be that quick if you compare the same with the new cars or other low mileage used cars. Where a new car will probably lose 30% of its value in the first year itself, low mileage used car is most likely to lose 20% of its value, a high mileage car will maximum lose only 10% of it.
Years and Mileage Ratio
Sorting out the ratio between years and mileage will be the most difficult one, especially in cars, that come with no guarantees. While among two 10-year-old cars, one can have driven 5,000 miles and the other 150,000 miles, but even then the car then drove only 5,000-miles can be in worse shape than the other. In such cases, choose the car that is in good shape even after crossing more miles.
Maintaining a Used High Mileage Car
Buying a high mileage car will be beneficial only when its high-quality parts are in good shape. And that can be ensured only by keeping it under a high-maintenance schedule. You need to keep high-quality synthetic oil to maintain its performance level, efficiency as well as its usual lifespan.
If you are looking forward to buying a high mileage used car, visit a trusted place like the used car dealer, to book one.